Henry Schein, Inc. (HSIC) Given a $95.00 Price Target at Robert W. Baird
Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a hold rating and set a $89.00 target price on shares of Henry Schein in a research report on Thursday. Jefferies Group LLC reissued a hold rating and set a $88.50 target price on shares of Henry Schein in a research report on Friday, July 21st. Piper Jaffray Companies raised shares of Henry Schein from a neutral rating to an overweight rating in a research report on Friday, September 15th. Royal Bank Of Canada started coverage on shares of Henry Schein in a research report on Tuesday, September 19th. They set a sector perform rating and a $91.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Henry Schein from a buy rating to a hold rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $92.86.
Shares of Henry Schein (NASDAQ HSIC) traded up 1.73% during midday trading on Thursday, reaching $84.53. 1,054,733 shares of the company’s stock were exchanged. Henry Schein has a 12-month low of $73.11 and a 12-month high of $93.50. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 24.70 and a beta of 1.08. The stock’s 50 day moving average price is $82.53 and its 200 day moving average price is $87.26.
Henry Schein (NASDAQ:HSIC) last posted its earnings results on Tuesday, August 8th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.05 billion. Henry Schein had a net margin of 4.74% and a return on equity of 19.10%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. Equities analysts anticipate that Henry Schein will post $3.64 earnings per share for the current fiscal year.
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Henry Schein announced that its board has approved a share repurchase program on Monday, September 18th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In related news, SVP Paul Rose sold 2,126 shares of Henry Schein stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $172.51, for a total value of $366,756.26. Following the completion of the sale, the senior vice president now directly owns 17,841 shares in the company, valued at approximately $3,077,750.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.19% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in HSIC. YorkBridge Wealth Partners LLC boosted its stake in Henry Schein by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 570 shares of the company’s stock worth $104,000 after purchasing an additional 28 shares in the last quarter. Sun Life Financial INC boosted its stake in Henry Schein by 8,185.7% in the 2nd quarter. Sun Life Financial INC now owns 580 shares of the company’s stock worth $106,000 after purchasing an additional 573 shares in the last quarter. Lee Financial Co acquired a new stake in Henry Schein in the 2nd quarter worth approximately $161,000. Acrospire Investment Management LLC boosted its stake in Henry Schein by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $183,000 after purchasing an additional 600 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in Henry Schein in the 2nd quarter worth approximately $204,000. Institutional investors own 44.74% of the company’s stock.
Henry Schein Company Profile
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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